ITANZ Technologies Posts More Than Threefold Rise in Nine-Month Profit

ITANZ Technologies Limited has reported a strong financial performance for the nine-month period ended March 31, 2026, with profit after tax rising sharply compared with the corresponding period of the previous year.

According to the company’s unaudited condensed interim financial statements, profit after income tax increased to Rs282.98 million during the nine months ended March 31, 2026, compared with Rs93.27 million in the same period last year. This represents an increase of more than 200%.

Revenue climbs 71%

The company recorded revenue from contracts with customers of Rs423.94 million, up from Rs247.75 million in the corresponding nine-month period of 2025.

The substantial increase in revenue was accompanied by a significant improvement in gross profit, which reached Rs321.09 million, compared with Rs121.69 million a year earlier.

ITANZ Technologies also reported an operating profit of Rs304.27 million, more than three times the Rs97.04 million recorded during the comparable period.

Strong bottom-line performance

Profit before income taxes stood at Rs288.31 million, compared with Rs93.80 million in the previous-year period. After accounting for income tax, profit after tax reached Rs282.98 million.

The company’s results also show a strong improvement in the latest three-month period. Profit after tax for the quarter ended March 31, 2026 was Rs121.00 million, compared with Rs27.38 million in the same quarter of the previous year.

Despite the sharp increase in overall earnings, basic earnings per share declined to Rs2.94 from Rs9.46 for the nine-month period. The financial statements show a substantial increase in issued share capital during the period, which affects the per-share calculation.

Assets and equity expand

ITANZ Technologies’ total assets stood at approximately Rs1.32 billion as of March 31, 2026, compared with Rs933.16 million at June 30, 2025.

Total equity also increased to approximately Rs1.06 billion, from Rs626.64 million at the end of the previous financial year.

The company’s current assets reached approximately Rs1.19 billion, supported by trade receivables of around Rs1.13 billion. Meanwhile, cash and bank balances stood at approximately Rs7.68 million at March 31, 2026.

Cash flows reflect increased business activity

The cash flow statement shows that ITANZ generated approximately Rs291.94 million from operations before working-capital changes during the nine-month period.

However, changes in working capital resulted in a cash outflow of approximately Rs427.75 million, leaving net cash used in operating activities at around Rs135.80 million.

Financing activities provided approximately Rs142.13 million, including Rs150.96 million in share deposit money received. After investing and financing movements, the company ended the period with cash and cash equivalents of approximately Rs7.68 million, compared with only Rs104,970 at March 31, 2025.

A notably stronger financial year

Overall, ITANZ Technologies’ nine-month results point to a substantial improvement in revenue, profitability and equity compared with the previous-year period. The sharp rise in profit and operating earnings highlights a considerably stronger performance during the nine months ended March 31, 2026.

The financial statements are explicitly marked unaudited, and the figures should therefore be viewed in that context.